Plan Snapshot
- Plan Sponsor: Mvhs, INC.
- Sponsor EIN: 161576637
- Sponsor Address: 111 HOSPITAL DR., UTICA, NY, 13502
- Plan Type: 403(b)
- Total Participants: 3,562
- Total Assets: $196.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,562 | $196.6M | $1.1M | $1.8M |
| 2023 | 3,866 | $185.9M | $2.5M | $4.2M |
| 2022 | 2,585 | $166.7M | $2.6M | $4.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | RECORD KEEPER | $194,185 | — | $194,185 |
| HANYS BENEFIT SERVICES | INVESTMENT ADVISOR | $66,835 | — | $66,835 |
| FUST CHARLES LLP | AUDITOR | $14,216 | — | $14,216 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — RECORD KEEPER
- HANYS BENEFIT SERVICES — INVESTMENT ADVISOR
- FUST CHARLES LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $275,236
- Estimated Expense Ratio: 0.140% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $274,854 | $66,835 | $193,803 | $14,216 | — |
| 2023 | $267,808 | $60,009 | $207,799 | — | — |
| 2022 | $344,467 | $64,231 | $276,446 | — | $3,790 |